1. Sam invested 1,000 CAD two years ago at the rate of return 12%. How much Sam will have in his investment account today? 2. Linda wants to buy a one bedroom apartment in Vancouver 3 years after graduating from now. The apartment will cost CAD400,000 and she would need to have 10% down payment after 3 years. To save for the down payment, Linda could deposit one lump sum today at 5% annual compound rate. Alternatively, Linda can wait for one year and makes one lump sum deposit. Will Linda need more money to deposit if she does it now or after one year? How much more is needed? 3. Keith have invested 4,000 CAD four years ago, and today he found that his investment had grown into 5,500 CAD. What rate of return Keith have received over the four years? 4. Veronica is trying to save money to do her graduate study in USA and she can invest 25,000 CAD at a annual compound interest rate of 7.25%. She would need 40,000 CAD for her study. How long does she need to wait until her investment grows in to the required 40,000 CAD